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LogLogic Announces Accelerated Growth in 3rd Quarter 2009 - Bookings up 57% over Q2; new CEO named; board and executive team expanded; 52 new customers added
LogLogic Announces Accelerated Growth in 3rd Quarter 2009

 

PRZOOM - /newswire/ - San Jose, CA, United States, 2009/10/29 - Bookings up 57% over Q2; new CEO named; board and executive team expanded; 52 new customers added. NASDAQ: TIBX

   
 
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LogLogic®, the leader in log and security management solutions, today announced the company set new growth records in the third quarter of 2009. Bookings grew 57% over Q2 2009 and the company added 52 new customers worldwide.

In addition to accelerated growth in revenues and customers for the quarter, LogLogic also named Guy Churchward as the new CEO, expanded the company’s board of directors, named two new vice presidents to the management team, announced new product upgrades, and issued two industry white papers on the latest trends in compliance and security in the energy and healthcare sectors.

“LogLogic’s performance this quarter demonstrates our strength in delivering industry-leading solutions for compliance and security,” Churchward said. “Year over year revenue growth demonstrates our passionate commitment to innovation and enabling our customers’ success. It’s great to see solid results during an extraordinary time of economic uncertainty for so many.”

LogLogic added 52 new customers in the third quarter, including Christiana Care Health System, Glendale Water & Power, the Library of Congress, SITA, the U.S. Nuclear Regulatory Committee, and WinTrust Financial Corporation, to name a few.

In addition to Churchward, who joined the company as CEO in August 2009 from NetApp, LogLogic also appointed two new vice presidents in the third quarter: Matt Galligan and Bob Hornsby.

Galligan, responsible for federal sales, brings 25 years of sales experience and has served as vice president of federal sales for McAfee and Secure Computing Corporation. Hornsby, responsible for North American channel sales, has held senior sales management roles with Secure Computing, Phoenix Technologies and Sonic Solutions.

LogLogic also named three new members to the company’s board of directors, including Peter Goettner, Deborah Rieman and Marc Verstaen. Goettner, general partner at Worldview Technology Partners, replaces Worldview partner Mark Orsak on the board. Rieman, managing partner of private hedge fund Equus Global Investments and LogLogic’s first independent director, is the former CEO of Check Point Software Technologies and vice president of marketing of Adobe Systems. Verstaen, founder and CEO of Lorienne S.A., a leader in map authoring tools, and founder and CEO of Beatware, a software company specializing in data representation for the Web and mobile devices (acquired by Hyperion), currently serves as Engineering Manager at Apple.

Among upgrades in the company’s product line up, LogLogic shipped NERC Compliance Suite 1.0 and LSP 14. LogLogic NERC Compliance Edition is a packaged collection of reports and alerts to help manage the exposure risks of critical assets under the North American Electric Reliability Corporation (NERC) Critical Infrastructure Protection (CIP) standards. It provides more than 75 reports and 170 alerts to help establish a repeatable, faster compliance process and control the costs of non-compliance risks and fines. The suite complements the LogLogic LX/ST Log Management and the Security Event Manager products that are key components to implementing a successful NERC compliance program.

Log Source Packages (LSP) are quarterly software updates for log management appliances in the field, providing additional support for new log sources and updated support for existing log sources. LSP 14 now adds support for Microsoft Operations Manager 2005 and the General Database Collector for Oracle as well as updating support for Windows Server 2008 and Secure Computing G2 Sidewinder.

In August 2009, LogLogic released a report detailing information about IT security industry benchmarks and best practices for the energy sector as practiced by security professionals from a variety of energy and utilities companies throughout the United States, with a focus on challenges associated with NERC.

In October, LogLogic partnered with the Ponemon Institute to issue an independent national survey of healthcare IT security professionals that shows patients may be surrendering their privacy as the $2.5 trillion medical industry – prompted by federal stimulus funding – pushes to accelerate the pace of digitizing health information records.

About LogLogic
LogLogic® (loglogic.com) is the leader in log and security management solutions. Supported by more than 200 partners and trusted by more than 1,000 customers worldwide, LogLogic solutions provide visibility and control to any IT infrastructure so that organizations can significantly improve security, compliance and network performance. LogLogic's open log management platform enables customers to collect, search and store massive amounts of IT log data from a myriad list of devices and applications for a comprehensive fingerprint of past and current activity, through one convenient, easy-to-use web-based user console. LogLogic’s business applications correlate user activities and event data in real-time for a uniquely integrated approach to security event management, database security management, security change management and compliance management, resulting in improved accountability and lower costs for organizations of all sizes.

*The respondent’s self-reported estimated value of cost of a data breach on a per-compromised record basis.

 
 
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LogLogic Announces Accelerated Growth in 3rd Quarter 2009

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Contact: Ray George / Page One PR for LogLogic 
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